A trio of Democrats has asked 11 company and organization leaders whether they believe that, due to ties to President Trump and his family, they qualify for immunity under the recent Trump-IRS settlement. Among the entities named as potential beneficiaries of the agreement are prediction market platforms Kalshi and Polymarket and cryptocurrency platform American Bitcoin.
The letters, signed by Senator Elizabeth Warren (D-MA), Minority Leader Chuck Schumer (D-NY), and Senate Finance Committee Ranking Member Ron Wyden (D-OR), push company leaders for answers on whether they believe they are “related or affiliated … parties” described in a May settlement between Trump and the IRS.
The settlement resolved Trump’s $10 billion lawsuit against the IRS over the unauthorized disclosure of his tax information by former IRS contractor Charles E. Littlejohn. A May 19 Justice Department order issued as part of the settlement permanently bars the IRS from auditing past tax returns of, or pursuing claims against, Trump, his family, and related companies.
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